28 CPEC projects worth $ 18.8 billion have been completed

Gwadar Pro

Islamabad: Twenty-eight projects have been completed under China-Pakistan Economic Corridor (CPEC) with the cost of $ 18.8 billion, Pakistan’s National Assembly was told.

The completed projects include 12 projects in the Energy sector, 10 projects of Infrastructure development and six projects in the Socio-Economic Development sector.

In a written reply to the National Assembly, federal minister for Planning, Development and Special Initiatives Ahsan Iqbal informed that six projects in Punjab, seven in Sindh, two in Khyber Pakhtunkhwa, six in Balochistan one in Gilgit Baltistan, one in Azad Jammu and Kashmir and five in Islamabad were completed under CPEC.

Currently, nine Special Economic Zones (SEZs) have been agreed upon under CPEC, namely Allama Iqbal Industrial City Faisalabad, Punjab, Rashakai SEZ, Khyber Pakhtunkhwa, Dhabeji SEZ, Sindh, Bostan SEZ, Mirpur SEZ, AJK, ICT Model City Islamabad, Industrial Park on Pakistan Still Mill Land Karachi, Mohmand Marbal City, ex-FATA and Maqpandass SEZ Gilgit, he added.

Out of these nine SEZs, the Federal Board of Investment (BOI) in consultation with the Chinese side have prioritized the Allama Iqbal Industrial City, Rashakai SEZ, Bostan SEZ, Dhabeji Special Economic Zone for fast-track development, he elaborated.